Hess in the Media: E&P Magazine - ..itefinityWebApp_IN_1
Hess Corporation Logo
SEARCH

Hess in the Media: E&P Magazine

  • NorthDakota_MMorrison_0577_140521_Pumpjacks #0302_medium

In an interview with E&P Magazine’s Senior Editor Jennifer Presley, COO Greg Hill outlined how Hess Corporation is making its success repeatable through implementation of Lean manufacturing principles.

Examples of those successes include:

  • Zero nonproductive time (NPT) on an exploratory well offshore West Africa
  • 62% improvement in spud-to-spud drilling performance in the Bakken
  • 50% decrease in turnaround time in Equatorial Guinea
  • Zero safety incidents and a significant reduction in construction time at the Stampede project in the Gulf of Mexico


“Basically, it’s about building a culture of problem solvers or, as we call it, an army of problem solvers,” Hill said in the interview. “The role of the leader is actually to facilitate the problem-solving process with his team of workers because the best person who knows how to fix something is the person doing the work.”

Hill added that he hoped the industry would use the current downturn as a means to focus on inefficiencies that have been built into the business. “Lean is one way to address it,” Hill said. “It is the way Hess is doing it because it works extremely well.”

“Through Lean, Hess found a way to survive the lean times present during a market downturn,” Presley wrote. “The company’s willingness to endure a journey of cultural change should contribute to its future longevity.”

Click here to read the article.

Click here to download the pdf.

Latest Hess News
  • Hess Schedules Earnings Release Conference Call

    Hess Corporation (NYSE:HES) announced that it will hold a conference call on Wednesday, October 26, 2016 at 10 a.m. Eastern Daylight Time to discuss its third quarter 2016 earnings release.
    Full story
  • The Bakken Magazine Interviews Hess’ Bakken VP

    A Q&A with Gerbert Schoonman, vice president for Hess’ Bakken assets, was featured in the September/October 2016 issue of The Bakken Magazine. He discussed how Lean helps Hess increase efficiency and eliminate waste, noting that Hess has reduced Bakken drilling and completion costs from about $11 million in 2012 to below $5 million today.
    Full story
  • Hess Named to Dow Jones Sustainability Index North America for Seventh Consecutive Year

    Hess is one of three U.S. oil and gas producers, and the only independent, named among six companies in the Energy industry group.
    Full story